Legal News

Sberbank CIB (UK) Limited enters special administration

Published on: 04 April 2022
Published by LNB News

LNB News 04/04/2022

Document Information

Issue Date: 04 April 2022

Published Date: 04 April 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has announced that on 1 April 2022 the court appointed David Philip Soden, Robert Scott Fishman and Matthew Steven Roe, all of Teneo Financial Advisory Limited, as joint special administrators of Sberbank CIB, following an application by Sberbank CIB’s directors. The joint special administrators will write to the firm’s clients with their proposals for the special administration within eight weeks of their appointment. This will include the process for making a claim.

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